As the total number of technology companies continues to grow alongside the start-up scene, the need for data science grows as well. With vast amounts of data floating around, the data scientist career has evolved into more advanced roles, such as senior data scientist. Data scientists make a lot of money, but what is the current average salary for a senior data scientist?
Remember that the job of a data scientist is different from that of a software developer, data analyst, or data engineer. However, this does not mean that their roles and responsibilities do not overlap.
Arguably, a senior data scientist needs to understand the roles of all data professionals in order to be successful. And that justifies the salary of the senior data scientist.
In this article, we'll cover the average salary for a senior data scientist along with some frequently asked questions.
Let's dive in.
How much do senior data scientists make?
if we look at themData Scientist Salary, is already above the median US wage. And the typical salary for a senior data scientist is often higher than most data scientists, regardless of cost of living.
In addition to a substantial base salary, Senior Data Scientists also enjoy many perks and benefits.
According to the Bureau of Labor Statistics (BLS), the national median salary for data scientists and math and science majors in the United States is103.930 $by year. As the BLS typically combines all data scientist roles, this number may be slightly less than the senior data scientist salary.
To give you a better understanding, we rely on industry-provided data sets and anonymous contributors from senior data scientists. Let's take a look at the salaries listed on various recruitment platforms and websites.
glass door
Glassdoor is one of the most reputable platforms for information on salaries, job titles, and company reviews. They also have details of wages, benefits, and employee information related to most jobs and industries. As a result, your directory will only grow as more people contribute reports.
According to Glassdoor, the average base salary for Senior Data Scientists is139.254 $by year.
The typical salary range starts at $101,000 and ends at around $192,000.
This estimate is based on 3,186 salary reports collected from senior data scientists working at various companies in the United States.
You can also see the average data scientist salary based on various factors. Glassdoor allows you to filter your results based on industry, company size, and total years of experience. This would help you get a more accurate Senior Data Scientist salary figure based on your requirements.
According to reports, oneBeginning Data Scientistswith 0-1 years of experience he earns around $86,672. A typical data scientist can earn around $115,276 on average. Some companies even pay aData Scientist Internup to $100,000.
Also, below are some of the salaries for senior data scientists at top US tech companies:
- amazonas-145.659 $
- microsoft-206.384 $
- Facebook -184.049 $
- LinkedIn-170.194 $
- ibm-144.979 $
Glassdoor currently does not have information on the average amounts of additional cash prizes. However, you can make an educated guess based on recent senior data scientist salaries held by various individuals.
Please note that these salary amounts are subject to change. As new payroll reports are generated, more companies are taking action. And as the economy changes, so does the average senior data scientist salary.
In fact
Indeed is another online platform that works primarily as a recruiting site. However, it also has an extensive library of salary information, job descriptions, resume samples, cover letter samples, and much more.
According to Indeed salary reports, the median annual salary for Senior Data Scientists is149.651 $us United States.
The number is calculated based on the 1,100 reports submitted by various Anonomys people on the platform.
If you want to know how much he earns per hour, the hourly wage would be $64.13.
Additionally, Indeed also showcases the most common benefits for experienced data scientists across industries. That includes:
- Travel Assistance
- storage options
- food provided
- referral program
- gym membership
- vision insurance
- unlimited paid time off
- 401 (k)
- Health plan
- 401(k) Matching
- dental insurance
Additionally, Indeed shares which cities have the highest-paying senior data scientist positions.
Currently, the highest-paying cities in California include Cupertino, which ranks first with a median annual salary of $193,698. Next up is San Francisco at $193,618/year, Palo Alto at $186,419/year, Foster City at $175,881/year, and Bellevue at $159,821/year. Other high-wage cities include Austin, New York, and Seattle.
The top 3 companies offering the best salaries for senior data scientists include Netflix ($322,272/year), Wish ($239,960/year), and eBay ($213,594/year).
Löhnskal
PayScale is a dedicated salary information provider that has the most detailed workers' compensation information. Their price breakdown helps people differentiate between base salary and fringe benefits.
According to PayScale, the average base salary for a Senior Data Scientist is126.937 $by year. The salary range is $95,000 to $161,000.
In addition, the site also provides information on bonuses and profit sharing. For senior data scientists, the average bonus ranges from $5,000 to $24,000. The average profit share is between $2,000 and $25,000. That puts the median total compensation between $99,000 and $176,000, depending on base salary.
All of these numbers are based on 1,537 anonymous senior data scientist salary profiles.
Additionally, PayScale also allows you to enter filters like location, employer, experience level, and more to get a somewhat accurate salary figure.
Additionally, senior data scientists with less than a year of experience typically earn around $106,000, while those with 20 or more years of experience can earn as much as $144,000.
packaging
If you've been in the data science industry for a while, your salary is likely to be at the higher end of the salary range.
Also, the salary of a senior data scientist depends on their specialization and tasks, among other things. For example, if you specialize in machine learning, artificial intelligence (AI), or deep learning, you will earn a much higher salary.
If your roles involve data analysis, business intelligence initiatives, and data engineering, you will be paid better.
The ideal candidate for the Senior Data Scientist position is someone who has experience in all types of data-related work. Keep in mind that some companies have different job titles for a senior data scientist; Because of this, some data analytics salaries may overlap.
Regardless, your senior data scientist salary should be between the salary numbers above and you should have all the basic benefits like healthcare, 401k, and more.
Frequently Asked Questions (FAQs)
How long does it take to become a senior data scientist?
Typically, it takes 1-2 years of training and experience to become a data scientist. Once there, it can take 3-5 years to become a Senior Data Scientist. It mainly depends on your education, experience, specialization and the projects you worked on.
What does a senior data scientist do?
The senior data scientist typically oversees the activities and progress of data scientists andyoung data scientists🇧🇷 They make their knowledge of big data, computer science, statistical concepts and mathematical models available to data scientists and the analysis department.
This is not to say that senior data scientists don't work on their own projects. They tend to be experts in programming languages like Python, R, and Java. Also, they have a very good command of database languages like SQL.
Data scientists use their knowledge and experience to build machine learning models, run deep learning programs, and build artificial intelligence networks.
In addition, they use their knowledge of data science and analytical skills to make better decisions across the company. Data scientists are often the ones who need to develop the final reports on all the trends, patterns, and useful insights from the data. They should then present the findings to the chief data scientist or directly to senior management, depending on the organizational structure and hierarchy.
Do data scientists make a lot of money?
Compared to the national median salary in the US, data scientists tend to make a lot of money. If they have an advanced quantitative degree, they can be hired at sky-high salaries, reaching six figures.
But even if a data scientist doesn't have a degree, they can complete certifications and gain passive experience to earn around $80,000 a year by the end of their career.
Experienced data scientists earn more than $100,000 a year. Also, if you work at a blue chip company that works with massive amounts of data, you could easily earn over $200,000 a year as a senior data scientist.
How much does a Chief Data Scientist make?
The median annual salary for a Chief Data Scientist in the US is $180,393. Median salary ranges from $114,000 to $287,000. In addition, they often have various bonuses, profit-sharing opportunities, and stock options.
This can bring the average annual total compensation to around $200,000. However, there are typically only a few chief data scientists at a company, regardless of size. This means that their workload is always overwhelming, but they are paid accordingly.
How much do data scientist managers make?
The median base salary for data scientist managers in the US is $157,389. The salary range is from $121,000 to $205,000.
Data scientist managers typically work above senior data scientists, but below the chief data scientist. They typically manage all of the senior data scientists and report to the chief data scientist.
However, many organizations skip the job and don't hire a data scientist manager. They typically delegate data scientist admin tasks to senior data scientists or the chief data scientist.
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